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Arrowhead Economic Opportunity Agency (AEOA)

Home Ownership Assistance

Virginia Office

702 S 3rd Ave, Virginia, MN, 55792

(218) 735-6895

Website

https://www.aeoa.org/homeownership

Service Details

Description

Home ownership program that offers financial assistance to make home purchases more affordable for those that meet eligibility requirements


Additional Information

The Homeownership Program is designed to promote and encourage homeownership by providing down payment and closing cost loans to income-eligible, qualified buyers.


* Provides Homestretch Workshops teach a buyer the steps involved in purchasing a home.
* Provides one-on-one counseling focusing on affordability, types of mortgages, budgeting and savings. This service is available to anyone
* Down payment and closing cost assistance for qualified buyers


Features

  • Area Served by County
    • Cook County 
    • Lake County 
    • St. Louis County 
  • Organization Type
    • Community Action Partnership 
  • Specialization
    • Family 
    • People with low income 

Eligibility

Serves Cook, Lake and St. Louis counties, excluding the City of Duluth.


Down Payment and Closing Cost Assistance program:
* Potential buyer must complete the Homestretch Workshop
* Complete counseling before a purchase agreement is signed
* Home must pass inspection
* First time homebuyer or not owned a home in the last 3 years
* Potential buyer must qualify for a mortgage. The Counselor will assist homebuyers in shopping for a mortgage.
* Pay a minimum of $1000 towards the purchase price
* Family income must be at or below 80% of the area median income in St. Louis, Cook, and Lake County


Application Instructions

Call for more information at (218) 735-6895


Business Hours

8:00am - 4:30pm, Monday - Friday


Area Served

Most programs are available in St. Louis, Lake, and Cook Counties.


Some programs are also available in Aitkin, Carlton, Cass, Chisago, Crow Wing, Isanti, Itasca, Koochiching, and Pine Counties.


Service area may be dependent on program availability. Please check to confirm if the service is available in your location.


Websites

https://www.aeoa.org/homeownership

https://www.aeoa.org

Phone Numbers

Type Number Hours
Main (218) 749-2912
Toll Free (800) 662-5711

Last Update

8/30/2024

Other Locations

This provider does not offer this service at other locations.

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